Jim Cramer: Buy Facebook Off of Line IPO
Line debuted for trading on Thursday and it's being met with a bevy of buyers.
Line (LN) - Get Report debuted for trading on Thursday and it's being met with a bevy of buyers. 'If you like Line, which obviously people do, then you should love Facebook (FB) - Get Report ,' TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said of the new IPO. While Facebook has had trouble getting past $117, investors shouldn't give up on the social media juggernaut. 'I think Facebook is much too cheap,' Cramer reasoned, based on its earnings potential for 2017 and 2018.
This article was written by a staff member of TheStreet.
